This chart represents the price of Bitcoin (BTC) against Tether (USDT) on the 30-minute timeframe. 📊 The graph shows the fluctuations in Bitcoin's price and the associated RSI (Relative Strength Index), which helps gauge whether Bitcoin is overbought (above 70) or oversold (below 30). At the bottom of the chart, the RSI is currently at 51.55, indicating a neutral zone—neither overbought nor oversold. 📉
The chart includes key Fibonacci retracement levels that traders use to predict potential support and resistance points. 🧮 The 0% level is at $67,086.62 (red zone), indicating the lowest point, and the 100% level is at $92,704.29, showing the current price. The levels between these points (such as 0.382, 0.5, 0.618) suggest possible areas for price pullbacks or continuation. 📈
There’s a noticeable uptrend visible, with Bitcoin rising past several key Fibonacci levels, including 0.618 (green zone) around $79,414.14, and approaching the 0.382 level near $111,685.13. 🔝 This suggests bullish momentum at the moment.
Lastly, the EMA Ribbon indicator shows a strong upward trend, reinforcing the overall positive sentiment for Bitcoin. 📈💹
This chart is a liquidation heatmap for Binance BTC/USDT perpetual contracts, showing liquidation levels over a 12-hour period. 🌡️💹 The vertical axis represents the Bitcoin price (ranging from $84,000 to $101,851), while the horizontal axis shows time. Each bar's color indicates the concentration of leveraged liquidations, with purple showing low liquidations and yellow-green representing areas of high liquidation density. 🟣🟢
The chart highlights clusters of liquidations at key price levels, especially between $92,000–$93,000, where leverage is highest. 📉 Such levels are critical for market volatility as they reflect stop-loss hunts or forced liquidations. High liquidation areas can act as magnets for price movements. ⚡
I'm bearish in the short term due to LONG liquidations, but Bearish for the long term. Once the liquidation clears, BTC will DUMP again and easily reach 90k$ 📉🔻📈🚀💰
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$BTC